2020-04-13T07:24:46-05:00 2019-06-30 420714325 RSM US LLP 1861 INTERNATIONAL DRIVE SUITE 400 MCLEAN VA 22102 990 2018-07-01 560529944 DISCOVERY PLACE INC DISC 7043481964 301 NORTH TRYON STREET CHARLOTTE NC 28202 CATHERINE WILSON HORNE CEO 7043481964 2020-04-07 1 YONG ZHANG CPA P01249785 7033366400 66.98.98.4 2020-04-07 22:03:59 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 67AF02E10978DF50186A66F4465B872A534856F3 2018 2021-01-29 14:40:06Z CATHERINE WILSON HORNE 301 NORTH TRYON STREET CHARLOTTE NC 28202 15838329 0 X WWW.DISCOVERYPLACE.ORG X 1947 NC WE INSPIRE CURIOUS THINKERS TO DISCOVER THE WONDERS OF SCIENCE, TECHNOLOGY AND NATURE. 30 30 277 450 46780 32995 12603973 4132159 7319779 7596341 13415 10833 1059847 1119140 20997014 12858473 0 0 0 0 7621275 8052428 109349 30566 849625 6594407 6724933 14325031 14807927 6671983 -1949454 115249740 113216963 2075929 2153354 113173811 111063609 X WE EXIST TO TRANSFORM THE WAY SCIENCE, TECHNOLOGY AND NATURE ARE EXPLORED AND LEARNED THOUGH INTERACTIVE EXHIBITS, FILMS, WORKSHOPS AND SCHOOL PROGRAMS. WE STRIVE TO INSPIRE DREAMS, RAISE ASPIRATIONS AND MOTIVATE A LIFELONG LOVE OF LEARNING. 0 0 8411467 5165998 EDUCATIONAL PROGRAMS, EXPERIENCES AND EXHIBITS:DISCOVERY PLACE, INC. OPERATES FOUR MUSEUMS SERVING OVER 780,000 GUESTS ANNUALLY INCLUDING NEARLY 63,000 THROUGH AN ECONOMIC ACCESSIBILITY PROGRAM. SIGNIFICANT PROGRESS WAS MADE ON TWO CAPITAL FACILITIES PROJECTS IN FISCAL YEAR 2019:A FACILITIES MASTER PLAN WAS DEVELOPED WITH THE SUPPORT OF THE CITY OF CHARLOTTE AND DISCOVERY PLACE ENTERED INTO A PROJECT DEVELOPMENT AGREEMENT WITH MECKLENBURG COUNTY TO DESIGN AND CONSTRUCT A NEW DISCOVERY PLACE NATURE. DURING FISCAL YEAR 2019,WE RECOGNIZED RESTRICTED CONTRIBUTION REVENUE RELATED TO THE FUTURE CONSTRUCTION OF DISCOVERY PLACE NATURE AND INCURRED INCREMENTAL EXPENSES TO SUPPORT THE MASTER PLANNING AND DEVELOPMENT EFFORTS OF BOTH CAPITAL FACILITIES PROJECTS.THIS ACTIVITY IS REFLECTED IN THE OVERALL REVENUE AND SUPPORT. 1034657 1480411 WORKSHOPS/FIELDTRIPS/CLASSES/OUTREACH/CAMPS: DISCOVERY PLACE, INC. PROVIDED SCIENCE BASED EDUCATIONAL PROGRAMS FOR CHILDREN AND YOUTH INCLUDING 1,344 WORKSHOPS AND CLASSES, 1,785 FIELDTRIPS, 1,202 OUTREACH PROGRAMS AND 115 CAMPS DURING THE YEAR. OUTREACH PROGRAMS ARE OFFERED TO SCHOOLS, AFTERSCHOOL PROGRAMS, HOME SCHOOL GROUPS, AND COMMUNITIES, INCLUDING AT-RISK COMMUNITIES. OUTREACH PROGRAMS PROMOTE SCIENCE, TECHNOLOGY, ENGINEERING, MATH AND NATURE. DISCOVERY PLACE ALSO PROVIDED NEARLY 1,300 TEACHERS AND EDUCATORS WITH PROFESSIONAL DEVELOPMENT PROGRAMS IN THE AREAS OF SCIENCE, TECHNOLOGY, ENGINEERING, MATH AND NATURE DURING THE YEAR. 33486 221332 EDUCATIONAL MERCHANDISE RELATED TO THE MUSEUM'S EXEMPT PURPOSE IS OFFERED FOR SALE TO MUSEUM VISITORS AS AN EXTENSION OF THE LEARNING EXPERIENCE PROVIDED BY THE MUSEUM. 264082 0 1689505 MEMBERSHIP 1911721 0 0 MISCELLANEOUS 2175803 0 1689505 11655413 1 1 0 0 0 0 0 1 0 1 1 1 0 1 0 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 84 0 1 277 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC SC X X CATHERINE W HORNE 7043481964 301 NORTH TRYON STREET CHARLOTTE NC 28202 X MARTY FOLEY CHAIRMAN 4.00 X X 0 0 0 LUTHER LOCKWOOD VICE CHAIRMAN FOR GOVERNANCE 4.00 X X 0 0 0 LAURA BOWLES TREASURER/VICE CHAIRMAN FOR INTERNAL AFFAIRS 4.00 X X 0 0 0 BRIAN LEARY SECRETARY 4.00 X X 0 0 0 PAUL CAMUTI VICE CHAIRMAN FOR EXTERNAL AFFAIRS 4.00 X X 0 0 0 MARK MCGOLDRICK TRUSTEE 3.00 X 0 0 0 ADITYA BHASIN TRUSTEE 3.00 X 0 0 0 ALFRED DAWSON TRUSTEE 3.00 X 0 0 0 JOAN LORDEN TRUSTEE 3.00 X 0 0 0 BRYAN DELANEY TRUSTEE 3.00 X 0 0 0 CECIL STODGHILL TRUSTEE 3.00 X 0 0 0 DOUGLAS ESAMANN TRUSTEE 3.00 X 0 0 0 FRANK CHATMAN TRUSTEE 3.00 X 0 0 0 FRED DUMAS TRUSTEE 3.00 X 0 0 0 JAMIE MCLAWHORN TRUSTEE 3.00 X 0 0 0 JENNIFER MCCONNELL TRUSTEE 3.00 X 0 0 0 JOCELYN WONG TRUSTEE 3.00 X 0 0 0 JOCLYN BALANDA TRUSTEE 3.00 X 0 0 0 JOSE COSTA TRUSTEE 3.00 X 0 0 0 JUSTIN HARLOW TRUSTEE 3.00 X 0 0 0 KERRI MAST TRUSTEE 3.00 X 0 0 0 KRISTA S TILLMAN TRUSTEE 3.00 X 0 0 0 LEE FITE TRUSTEE 3.00 X 0 0 0 MELISSA BODFORD TRUSTEE 3.00 X 0 0 0 STUART MALTER TRUSTEE 3.00 X 0 0 0 TOM ZWENG MD TRUSTEE 3.00 X 0 0 0 TROY TOZZI TRUSTEE 3.00 X 0 0 0 WALTER PRICE TRUSTEE 3.00 X 0 0 0 CATHERINE WILSON HORNE PRESIDENT & CEO 50.00 X 352933 0 38894 SARAH B LANE CAO 50.00 X 153670 0 27158 DEANNA DYCUS CFO 50.00 X 142158 0 20796 JOAN PHILIPP COO 50.00 X 135828 0 24480 DEBRA SMUL CMO 50.00 X 132958 0 13630 ERVIN GOURDINE CTO 50.00 X 105712 0 17548 TIFFERNEY M WHITE CLO 50.00 X 191880 0 16824 1215139 0 159330 7 0 1 0 MUSEUM OF NEW ZEALAND TE PAPA TONGAREWA 55 CABLE ST TE ARO WELLINGTON NZ 6011 EXHIBIT PROVIDER 386998 ISS FACILITIES SERVICES PO BOX 991 SAN ANTONIO TX 78294 JANITORIAL 340478 BIGHOUSE MARKETING LLC PO BOX 79251 CHARLOTTE NC 28271 ADVERTISING 160140 THE FIELD MUSEUM 1400 SOUTH LAKE SHORE DR CHICAGO IL 60605 EXHIBIT PROVIDER 150000 THE BUDD GROUP INC PO BOX 890856 CHARLOTTE NC 28289 JANITORIAL 126568 7 157087 275612 3699460 74013 4132159 ADMISSIONS/WORKSHOPS 713990 5851593 5851593 MEMBERSHIP FEES 713990 1689505 1689505 MISCELLANEOUS PROGRAM REVENUE 900099 55243 55243 7596341 3021 3021 111455 0 111455 111455 111455 2904532 2896720 7812 7812 7812 49650 157087 49650 0 254818 33486 221332 221332 PARKING REVENUE 532000 786353 739573 46780 786353 12858473 8557246 46780 122288 1367343 512429 675311 179603 5534956 4518077 673470 343409 173346 141730 25259 6357 479100 368339 76767 33994 497683 376847 83776 37060 21519 19901 1618 52624 52624 30566 30566 3037 3037 1348681 1039900 241081 67700 656099 609612 24081 22406 633090 484426 66182 82482 132005 132005 482949 480786 2163 141920 59447 79678 2795 1609326 1502726 106600 116331 116331 EXHIBIT/MUSEUM PROGRAMS 756466 729044 12588 14834 REPAIRS & MAINTENANCE 182012 146760 35252 PRINTING & PUBLICATIONS 81592 66858 234 14500 POSTAGE, DUES, AND SUBS 68989 22847 35438 10704 438293 347249 89447 1597 14807927 11655413 2302889 849625 251150 279429 717872 797318 2513873 3294944 420947 163926 16305 16052 823513 666022 45625241 33023048 13947759 12602193 376166 394891 8243037 8329293 300000 300000 87639118 86372895 115249740 113216963 1571787 1510763 504142 642591 2075929 2153354 X 20637855 18758453 92535956 92305156 113173811 111063609 115249740 113216963 X -1949454 8726 -851654 682180 X 0 1 X 1 0 X 4343538 3660686 5199844 12603973 4132159 29940200 2970228 2942350 2846108 2805263 2844691 14408640 7313766 6603036 8045952 15409236 6976850 44348840 6196766 38152074 578724 165086 94511 104019 114476 1056816 21358 36120 33609 27261 37013 155361 560040 682657 714894 773001 789223 3519815 49080832 34441591 0.77730 0.77990 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PARKING AND EXHIBIT RENTALS - 2014 AMOUNT: $ 560,040. 2015 AMOUNT: $ 682,657. 2016 AMOUNT: $ 692,944. 2017 AMOUNT: $ 732,236. 2018 AMOUNT: $ 739,573. FUNDRAISING EVENTS GROSS - 2016 AMOUNT: $ 21,950. 2017 AMOUNT: $ 40,765. 2018 AMOUNT: $ 49,650. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 5285779 168867 142816 233033 5364429 5230057 282443 226721 5285779 4914911 525421 210275 5230057 4100824 926616 -112529 4914911 3330465 773384 -3025 4100824 0.01440 0.87460 0.11100 0 0 7160000 7160000 9075148 6765273 2309875 4194786 3646772 548014 25195307 22611003 2584304 12602193 EQUITY AND FIXED INCOME INSTRUMENTS 8329293 F 8329293 BENEFICIAL INTERESTS 23056522 DEFERRED COMMITMENT FROM CITY OF CHARLOTTE 55553928 LIFE INSURANCE POLICY CONTRIBUTION 23493 DEFERRED COMMITMENT FROM TOWN OF HUNTERSVILLE 7194233 DEFERRED COMMITMENT FROM TOWN OF ROCKINGHAM 544719 86372895 X 16495169 8726 2865691 682180 3556597 12938572 3037 -83136 -80099 12858473 18605371 3717345 83136 3800481 14804890 3037 3037 14807927 PART III, LINE 1A: DONATED COLLECTIONS RECEIVED SINCE DISCOVERY PLACE'S INCEPTION ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PART III, LINE 4: COLLECTION OF NATURAL HISTORY OBJECTS WHICH INCLUDE ROCKS AND MINERALS, SHELLS, FOSSILS, AND TAXIDERMY OBJECTS USED IN PUBLIC EXHIBITIONS IN THE MUSEUM AND FOR REFERENCE MATERIALS IN EDUCATION PROGRAMS CONDUCTED BY THE MUSEUM. PART V, LINE 4: THE INTENDED PURPOSE OF THE ENDOWMENTS IS TO SUPPORT THE OPERATIONS OF THE MUSEUM. ANY DISBURSEMENTS RECEIVED FROM THE ENDOWMENTS ARE USED TO SUBSIDIZE OPERATING EXPENSES. PART X, LINE 2: DISCOVERY PLACE IS EXEMPT FROM INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ISSUED GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT EVALUATED DISCOVERY PLACE'S TAX POSITIONS AND CONCLUDED THAT DISCOVERY PLACE HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST -414,569. CHANGE IN SPENDABLE INCOME 1,096,749. PART XI, LINE 4B - OTHER ADJUSTMENTS: GIFT SHOP COST OF GOODS SOLD -33,486. FUNDRAISING EVENT EXPENSES -49,650. PART XII, LINE 2D - OTHER ADJUSTMENTS: GIFT SHOP COST OF GOODS SOLD 33,486. FUNDRAISING EVENT EXPENSES 49,650. FORM 990, SCHEDULE D, PART XII, LINE 2B AND SCHEDULE D, PART XIII, LINE 2A DISCOVERY PLACE, INC. ENTERED INTO A NON-CANCELABLE OPERATING LEASE AGREEMENT WITH THE CITY OF CHARLOTTE FOR THE DISCOVERY PLACE BUILDINGS, INCLUDING THE MAIN BUILDING, THE OMNIMAX DOME THEATER, THE PARKING DECK AND THE ANNEX BUILDING. DISCOVERY PLACE, INC. PAYS $1 ANNUALLY FOR THE LEASE, WHICH INCLUDES STRUCTURAL REPAIRS. DISCOVERY PLACE, INC. HAS RECOGNIZED THE PRESENT VALUE OF THE BUILDING RENTAL AND SERVICES PROVIDED BY THE LEASE AGREEMENT AS A TEMPORARILY RESTRICTED NET ASSET. THE PRESENT VALUE OF THE CONTRIBUTION IS BEING AMORTIZED OVER THE 50 YEAR LEASE TERM DUE TO THE FACT THAT IT IS PROBABLE THAT THE LEASE WILL BE RENEWED. DISCOVERY PLACE, INC. ENTERED INTO NON-CANCELABLE OPERATING LEASE AGREEMENTS WITH THE CITY OF ROCKINGHAM FOR THE DISCOVERY PLACE KIDS ROCKINGHAM MUSEUM AND WITH THE TOWN OF HUNTERSVILLE FOR THE DISCOVERY PLACE KIDS MUSEUM. DISCOVERY PLACE PAYS $1 ANNUALLY FOR EACH LEASE, WHICH INCLUDES UTILITIES AND STRUCTURAL REPAIRS. DISCOVERY PLACE, INC. HAS RECOGNIZED THE PRESENT VALUE OF THE BUILDING RENTAL AND SERVICES PROVIDED BY THE LEASE AGREEMENTS AS A TEMPORARILY RESTRICTED NET ASSET. THE PRESENT VALUE OF THE CONTRIBUTION FOR ROCKINGHAM IS BEING AMORTIZED OVER THE 10 YEAR INITIAL LEASE TERM DUE TO THE FACT THAT THE LEASE RENEWAL IS BASED ON SPECIFIC ATTENDANCE AND OPERATING CRITERIA WHICH THE PROBABILITY OF MEETING CANNOT BE DETERMINED. THE PRESENT VALUE OF THE CONTRIBUTION FOR HUNTERSVILLE IS BASED ON 30 YEARS DUE TO THE FACT THAT IT IS PROBABLE THAT THE LEASE WILL BE RENEWED. THE ENTIRE DEFERRED COMMITMENT OF THESE LEASES IS BEING ADJUSTED FOR ON SCHEDULE D OF THE 990 AS A GIFT IN KIND OF DONATED SERVICES AND USE OF FACILITIES. X X X X X X 1 R&L CONSULTING LLC 97 HEMLOCK ST ARDEN NY 28704 GRANTWRITING 0 250000 24300 225700 AMY L THOMASON 608 SILVERSMITH LANE CHARLOTTE NC 28270 GRANTWRITING 0 83942 6266 77676 333942 30566 303376 NC SC GALA 206737 157087 49650 46757 323 2570 206737 157087 49650 46757 323 2570 49650 0 X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 CATHERINE WILSON HORNE PRESIDENT & CEO 282037 0 50000 0 20896 0 32387 0 6507 0 391827 0 0 0 SARAH B LANE CAO 153439 0 0 0 231 0 15279 0 11879 0 180828 0 0 0 DEANNA DYCUS CFO 141866 0 0 0 292 0 14012 0 6784 0 162954 0 0 0 JOAN PHILIPP COO 135335 0 0 0 493 0 13752 0 10728 0 160308 0 0 0 TIFFERNEY M WHITE CLO 179704 0 0 0 12176 0 10059 0 6765 0 208704 0 0 0 PART I, LINE 1A 457(B) CONTRIBUTIONS ARE GROSS-UP; RELOCATION EXPENSES FOR CLO. THOSE ARE CONSIDERED AS TAXABLE BENEFITS FOR THE RECIPIENTS. X 3 13831 SALES PRICE X SUPPLIES 4 30682 DONOR PROVIDED X FLIGHTS/MILES 1 29500 FMV 0 1 1 PART I, LINE 32B: DISCOVERY PLACE NATURE CONSULTANT FOR FUNDRAISING. FORM 990, PART I, LINE 6 DISCOVERY PLACE ENGAGES 450 ADULT AND TEEN VOLUNTEERS THAT PROVIDED NEARLY 26,419 HOURS OF SERVICE DURING THE YEAR. THESE VOLUNTEERS ARE VITAL TO THE ORGANIZATION'S SUCCESS AND PROVIDE SERVICES THROUGHOUT OUR FACILITIES. VOLUNTEERS HELP FEED AND CARE FOR THE ANIMALS; SUPERVISE AND SUPPORT SUMMER CAMPS; PERFORM LIVE PROGRAMS AND SCIENCE DEMONSTRATIONS; ASSIST IN OUR LABS; AND ENGAGE WITH VISITORS THROUGHOUT THE MUSEUMS. FORM 990, PART VI, SECTION B, LINE 11B IT IS DISCOVERY PLACE'S POLICY THAT DISCOVERY PLACE'S EXTERNAL AUDITOR, A CERTIFIED CPA FIRM, PREPARES THE ORGANIZATION'S IRS FORM 990. ONCE PREPARED, THE IRS FORM 990 WILL BE REVIEWED BY DISCOVERY PLACE'S CHIEF FINANCIAL OFFICER, AND PRESIDENT AND CHIEF EXECUTIVE OFFICER. ONCE REVIEWED BY STAFF, THE IRS FORM 990 WILL BE REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES WILL RECEIVE A COPY OF THE IRS FORM 990 IN HARD COPY OR EMAIL (DELIVERED TO EACH TRUSTEE'S REGISTERED MAILING OR EMAIL ADDRESS) NO LESS THAN 5 DAYS PRIOR TO THE BOARD OF TRUSTEES MEETING WHEN THE 990 BOARD RESOLUTION WILL OCCUR. THE BOARD OF TRUSTEES WILL REVIEW THE IRS FORM 990 THAT IS FILED ON THE ORGANIZATION'S BEHALF BEFORE IT IS FILED WITH THE IRS. A BOARD RESOLUTION IS REQUIRED IN ORDER FOR THE IRS FORM 990 TO BE FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES ARE REQUIRED TO DISCLOSE ANNUALLY (BY RE-SIGNING THE CONFLICT OF INTEREST AGREEMENT) ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. ALL OFFICERS, DIRECTORS, TRUSTEES AND EMPLOYEES ARE ENCOURAGED TO REPORT ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS THROUGHOUT THE YEAR. EMPLOYEES RECEIVE PERIODIC TRAINING ON THE DEFINITION OF CONFLICT OF INTEREST. ANY NEW BUSINESS RELATIONSHIPS THAT MAY GIVE RISE TO CONFLICTS ARE INVESTIGATED IMMEDIATELY. FORM 990, PART VI, SECTION B, LINE 15 CEO COMPENSATION: THE CHAIRMAN OF THE BOARD AND THE EXECUTIVE COMMITTEE DETERMINES AND APPROVES THE CEO'S COMPENSATION THROUGH THE FOLLOWING PROCESS: A FORMAL EVALUATION/REVIEW OF THE CEO'S PERFORMANCE. REVIEW BENCHMARKING DATA FROM LIKE ORGANIZATIONS. TAKES INTO CONSIDERATION THE STATE OF THE DISCOVERY PLACE'S FINANCIAL POSITION. KEY EMPLOYEES' COMPENSATION: KEY EMPLOYEES ARE TREATED LIKE ANY OTHER EMPLOYEE AT DISCOVERY PLACE. THEY ARE EVALUATED BY THEIR SUPERVISOR (THE CEO) AND THE RATING OF THE EVALUATION IS USED TO DETERMINE THEIR PAY INCREASE BASED ON THE SAME RATING AND PAY RATE SCALE USED FOR ALL DISCOVERY PLACE EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE PERIOD OF TIME SET FORTH IN SECTION 6104(D). THE REQUEST CAN BE FULFILLED BY PROVIDING A COPY OF SAID DOCUMENTS OR ALLOWING INSPECTION AT THE ORGANIZATION'S OFFICE. ADDITIONALLY, THE MOST RECENT ANNUAL REPORT INCLUDING FINANCIAL INFORMATION IS AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART VII, SECTION A, COLUMN F THE ORGANIZATION, IN A FULL TRANSPARENCY POSTURE TO REPORTING, IS REPORTING ALL BENEFITS IN FULL IN COLUMN F, PART VII AND IS NOT APPLYING THE $10,000 PER ITEM EXCEPTION FOR CERTAIN BENEFITS. FORM 990, PART XI, LINE 2C, AUDIT COMMITTEE: THE AUDIT COMMITTEE'S PROCESS OF EVALUATION HAS NOT CHANGED SINCE THE PRIOR YEAR. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST: -414,569. CHANGE IN SPENDABLE INCOME FROM BENEFICIAL INTERESTS: 1,096,749.